iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw an uptick in trading volume on Tuesday . 70,019 shares were traded during trading, a decline of 34% from the previous session’s volume of 106,767 shares.The stock last traded at $43.67 and had previously closed at $43.86.

iShares Cybersecurity and Tech ETF Stock Down 0.9 %

The firm has a market capitalization of $785.18 million, a price-to-earnings ratio of 37.07 and a beta of 1.17. The business’s 50-day simple moving average is $47.08 and its two-hundred day simple moving average is $43.94.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of institutional investors have recently made changes to their positions in IHAK. Larson Financial Group LLC increased its position in shares of iShares Cybersecurity and Tech ETF by 485.4% during the fourth quarter. Larson Financial Group LLC now owns 603 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter valued at approximately $30,000. Fifth Third Bancorp acquired a new position in shares of iShares Cybersecurity and Tech ETF in the third quarter valued at approximately $35,000. Wells Fargo & Company MN grew its holdings in shares of iShares Cybersecurity and Tech ETF by 53.7% in the second quarter. Wells Fargo & Company MN now owns 1,114 shares of the company’s stock valued at $42,000 after purchasing an additional 389 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of iShares Cybersecurity and Tech ETF by 325.8% in the third quarter. Clearstead Advisors LLC now owns 1,435 shares of the company’s stock valued at $49,000 after purchasing an additional 1,098 shares in the last quarter.

About iShares Cybersecurity and Tech ETF

The iShares Cybersecurity and Tech ETF (IHAK) is an exchange-traded fund that is based on the NYSE FactSet Global Cyber Security index. The fund tracks a market cap-selected and -weighted index of large- and mid-cap companies involved in cyber hardware and software. IHAK was launched on Jun 11, 2019 and is managed by BlackRock.